There are more insurance options in Canada than you can shake a stick at! Stay on top of the best policies right here.
Latest News
Rising rates are good news for near-retirees seeking longevity insurance + MORE Jul 3rd
For years, low interest rates have been a boon to borrowers but a curse to older investors wanting low-risk interest income options. Now, after a decade of minuscule rates, interest rates are starting to inch back up again: another 0.5% as of June 1st. That’s good for GIC investors (guaranteed inv.... More »
What is term life insurance and how, exactly, does it work? May 27th
When it comes to conversation-starters, life insurance generally doesn’t rank in the top 10 topics. We get it—who wants to think about the end of their own life? But it’s important to know the ins and outs of life insurance coverage so you leave your loved ones financially secure in the event .... More »
What types of insurance do I really need and which can I live without? Oct 7th
Life, disability, critical illness. The world of insurance can be confusing. A financial planner weighs in on the ones you might want to consider..... More »
SimplyCash Preferred card from American Express review Jan 16th
If you’re looking for a card that will help you earn cash back on purchases, look no further than the SimplyCash Preferred Card from American Express. With a return of 4% cash back on gas and grocery purchases—and a flat 2% back on all other purchases—it is one of the best credit cards in Can.... More »
Graduating Students and Guaranteed Health Insurance Oct 7th
Oftentimes graduating students have pre-existing medical conditions that will no longer be covered by their student health insurance.
If a graduate is able to get employment and if their employer offers employee benefits then their medical conditions will be covered by these group benefits. However,.... More »
Why is my landlord asking me to get tenant insurance?
– moneysense.ca
You’ve done the impossible. You found the perfect apartment (hello, exposed brick!), and it’s actually within your budget. You’re about to sign the lease when your new landlord mentions that you need to have proof of tenant insurance before moving in. Why are they making you get tenant insurance?
In short, most landlords will require you to purchase tenant insurance prior to moving in, as they want to ensure occupants have the proper coverage in place should something go wrong, so neither of you are on the line for the cost of damage. However, not having adequate insurance in place can lead to disastrous consequences for both parties. Let’s break it down.
Tenant liability protection
Tenant liability protection is the type of coverage that most landlords will require, while contents coverage and additional living expenses can be seen as added bonuses to any tenant insurance policy. This coverage is designed to protect the policyholder in the event a liability claim is made against them, whether that be at an event in their home, or on a beach in Barbados…
In short, most landlords will require you to purchase tenant insurance prior to moving in, as they want to ensure occupants have the proper coverage in place should something go wrong, so neither of you are on the line for the cost of damage. However, not having adequate insurance in place can lead to disastrous consequences for both parties. Let’s break it down.
Tenant liability protection
Tenant liability protection is the type of coverage that most landlords will require, while contents coverage and additional living expenses can be seen as added bonuses to any tenant insurance policy. This coverage is designed to protect the policyholder in the event a liability claim is made against them, whether that be at an event in their home, or on a beach in Barbados…
Collision insurance: How it all works
– moneysense.ca
Collision insurance is “extra.” It’s optional coverage that you can add on top of your basic full auto insurance, which, on its own, doesn’t cover you if you’re in an accident and you’re at fault. Many drivers opt in for collision, mainly because of the variable Canadian weather, road conditions, traffic and other causes of unexpected accidents. What else do you need to know? Read on.
What is collision insurance?
Collision insurance works in addition to other auto insurances mandated by most provinces in Canada, including third-party liability insurance, statutory accident benefits coverage, uninsured automobile coverage and direct compensation-property damage coverage. Collision insurance is an optional insurance, and it covers costs related to the repair or replacement of your vehicle if you are involved in an accident.
“If you’ve been involved in a crash, you’re deemed to be fully at fault, and you don’t have collision coverage, the damage to your vehicle wouldn’t be paid for by your insurance company,” says Pete Karageorgos, director of consumer and industry relations at the Insurance Bureau of Canada (IBC)…
What is collision insurance?
Collision insurance works in addition to other auto insurances mandated by most provinces in Canada, including third-party liability insurance, statutory accident benefits coverage, uninsured automobile coverage and direct compensation-property damage coverage. Collision insurance is an optional insurance, and it covers costs related to the repair or replacement of your vehicle if you are involved in an accident.
“If you’ve been involved in a crash, you’re deemed to be fully at fault, and you don’t have collision coverage, the damage to your vehicle wouldn’t be paid for by your insurance company,” says Pete Karageorgos, director of consumer and industry relations at the Insurance Bureau of Canada (IBC)…
